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20110728
20110728
Search Results 0 to 3 of about 4 (some duplicates have been removed)
says that mr. obama wants big government, not a big economy. >> republicans have tried to persuade the president of the need for a course correction. but weeks of negotiations have shown that his commitment to big government is simply too great to lead to the kind of long-term reforms we need. >> question. when the negotiations started, president obama was looking for a big deal. $4 trillion in spending cuts and tax hikes. has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it does, john, it drops tax rates in return for giving away these deductions, exemptions, allowances, breaks, which in effect is pure reaganism. there's one problem with that. there's a
administration. that's not unusual. and that's a big deal by the president only based on election cycles. that's not important. the more important thing, how do we get to the point where we send a message to the international community we're going to do what's necessary to put our house in order. >> do you get the sense that that's going to happen? >> oh think so, ultimately. you're seeing a lot of theatrics. everything kind of play out and the way it's going play out and not find where people really are until they have to be where, before this thing implodes and i don't think it's going to. i think you know, come tuesday, sometime during the day tuesday, we'll have something figured out. >> well, do you have any sense, play analyst, if you wouldn't mind, whether that's the boehner deal? is that your deal? where's the road map for that? >> it's some combination between what perry, reid and boehner agreed to last sunday, and working the politics and the votes out on that to get it to where it passes the house. the problem is, something will pass the senate. but it has to be snag will pass the h
the august 2 deadline as is if it is no big deal. they say they have their owneal theories about when the real deadline is. that just leaves me dumbfounded. i for one i'm going to take the treasury secretary and virtually every economist at their word.ot we need a solution before august august 2 or we risk economicstr. catastrophe. who there are some members who are essentially saying that the treasury can pirate sites payments to avoid default byt b getting social security checks out shouldn't be a problem. i we pro. heard their republican member onon public radio this pt weekend say that a pirate for social security checks taxes in the trust fund. well, yes, we have $2.6 trilliot in assets in the trust fund, but they are all in treasuries securities, not cash. i find it just stunning that a a member of congress let alone a i member of the budget committee understand the most basic functioning of our government. lit now, if there is no debt limit increase, treasury may be able to juggle payments to get social security checks out on august 3. and i'mo sure they will do do everything t
Search Results 0 to 3 of about 4 (some duplicates have been removed)